TYO:9404 Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, TYO:9404 stock has a consensus rating of "Buy" and an average price target of ¥3,860. The average 1-year stock price forecast is 35.39% higher than the current stock price, while the lowest is ¥3,300 (+15.75%) and the highest is ¥4,300 (+50.82%).

Price Target: ¥3,860 (+35.39%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	¥3,300	¥3,860	¥4,000	¥4,300
Change	+15.75%	+35.39%	+40.30%	+50.82%

* Price targets were last updated on Jan 27, 2026.

Analyst Ratings

The average analyst rating for TYO:9404 stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	3	4	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	6	6	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Tokai-Tokyo Securities No rating	Tokai-Tokyo Securities	Buy Maintains ¥4,160	Buy	Maintains	¥4,160	+45.91%	Jan 27, 2026
Unknown Analyst Mizuho Securities No rating	Mizuho Securities	Hold Maintains ¥3,800	Hold	Maintains	¥3,800	+33.29%	Dec 24, 2025
Unknown Analyst SMBC Nikko No rating	SMBC Nikko	Buy Maintains ¥4,300	Buy	Maintains	¥4,300	+50.82%	Dec 16, 2025

Financial Forecast

Revenue This Year

498.09B

from 484.42B

2.82%

from 484.42B

Revenue Next Year

531.12B

from 498.09B

6.63%

from 498.09B

EPS This Year

n/a

from -

EPS Next Year

n/a

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	406.40B	413.98B	423.52B	461.92B	484.42B	498.09B
Revenue Growth	3.85%	1.87%	2.31%	9.07%	4.87%	2.82%
Gross Profit	152.85B	142.19B	141.94B	162.97B	180.89B	166.86B
Gross Margin	37.61%	34.35%	33.51%	35.28%	37.34%	33.50%
Operating Income	58.68B	46.59B	41.88B	54.92B	69.33B	61.30B
Net Income	47.43B	34.08B	34.66B	46.00B	56.77B	56.15B
Dividend / Share	37.00	37.00	37.00	40.00	45.00	47.60
Dividend Growth	-	-	-	8.11%	12.50%	5.78%
Free Cash Flow	38.55B	31.55B	31.94B	30.51B	46.88B	51.69B
No. Analysts	-	-	-	-	-	5

Financial currency is JPY.

Revenue Forecast

Revenue	2027	2028	2029
High	542.5B
Avg	498.1B
Low	476.9B

Revenue Growth

Revenue Growth	2027	2028	2029
High	12.0%
Avg	2.8%
Low	-1.6%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	-
Low	-

EPS Growth

EPS Growth	2028	2029
High	-
Avg	-
Low	-